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Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $3,200, terms 2/10, n/30. May 3
Littleton Books has the following transactions during May. May 2 Purchases books on account from Readers Wholesale for $3,200, terms 2/10, n/30. May 3 Pays cash for freight costs of $190 on books purchased from Readers. May 5 Returns books with a cost of $250 to Readers because part of the order is incorrect. May 10 Pays the full amount due to Readers. May 30 sells all books purchased on May 2 (less those returned on May 5) for $3,900 on account. xercise 6-9 (Algo) Part 2 Assume that payment to Readers is made on May 24 instead of May 10. Record this payment. (If no entry is required for a ansaction/event, select "No Journal Entry Required" in the first account field.) View transaction list Journal entry worksheet < Record payment of the full amount due to Readers. Note: Enter debits before credits. Date May 24 General Journal Debit Credit Record entry Clear entry View general journal
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